The US central bank continued to slow its bond buying programme by $10bn a month to $55bn from next month, and said it could stop purchases completely in the autumn. Yellen added that the Fed could start to rise six months after that. Our US Business Editor Katherine Rushton has more here .
This morning, the dollar has spiked, US bond yields have risen, and markets in Asia and Australia have fallen.
• The Nikkei has closed down 1.65pc
• Australia's S&P/ASX 200 fell 1.1pc
The FTSE 100 is expected to open up to 1pc down this morning.
Osborne dismisses idea that scrapping annuity requirements puts pensioners at risk
07.20 We have comprehensive coverage of the measures George Osborne announced on our Budget page.
• Full story: savers and pensioners to benefit from tax overhaul
• Tables: How the Budget changes affect your income
• Budget key points at a glance
• Budget winners and losers
The Chancellor has batted away suggestions that scrapping the requirement to buy annuities is irresponsible. He told BBC News
People who have saved for their lives, these are responsible people capable of making good decision with good advice about their future
For many people annuities haven’t been good value they haven’t provided good incomes of what they’d hoped
Consumer groups would not be welcoming this if they didn’t feel it was a step in a positive direction
Here's Christian Adams' take on what Osborne pulled out of the hat yesterday
What's in the papers
07.10 One subject dominates the newspapers this morning: The Budget is the key focus - and you can't escape the words pensions and savings.
Good morning
07.00 Good morning and welcome to our daily business and markets live blog, your one stop shop for all the breaking business stories of the day.
more
{ 0 comments... » Business news and markets: live read them below or add one }
Post a Comment